About 1,400 purchasers of the stalled Taman Cemerlang housing scheme
are still waiting for a white knight to rescue the project in Bandar
Baru Air Itam.

Housebuyers committee chairman Chang Yeong Shen
said most buyers were from the low income group and could not afford
to come up with additional money to take over the project
themselves.

The buyers were left in the lurch when the developer, Penangan Maju
Holdings Sdn Bhd, wound up in December 1999.

The project, which should have been ready by end of 2000, comprises
984 medium cost and 391 low-medium cost units priced at between
RM50,000 and RM110,000. The housebuyers had already paid between
RM5,000 and RM10,000 in deposits.

Chang urged purchasers to register themselves with the committee to
facilitate future negotiations between the committee and other
relevant authorities. To date, fewer than half the purchasers had
registered.

“We hope all the purchasers will register soon and sign a consent
letter to give the mandate to the committee to act on their behalf,”
he told a press conference called by Paya Terubong assemblyman Dr
Loh Hock Hun on Saturday.

It was recently reported in the Chinese dailies that a developer was
negotiating with the project financier Malaysia Building Society
Berhad (MBSB) over the possibility of reviving the project. However,
the committee has not heard from the company concerned.

“We also came to know that a few other companies are also
negotiating with MBSB to revive the project,” said Dr Loh, who
declined to reveal the names of the companies.

Purchasers can register themselves from 8.30pm to 10pm every Friday
starting on April 26 at Dr Loh’s service centre at 1250-B Jalan Paya
Terubong, Air Itam.

Those who have yet to register are required to bring along
photocopies of the Sale and Purchase Agreement (S&P), bank loan and
car park agreements, bank loan approval letters, unit and car park
down payment receipts and identification cards.

Those who have already registered are required to bring along their
subscription receipts.